{
 "schema_version": 1,
 "id": "4917-20250926",
 "type": "MBO",
 "status": "completed",
 "announced_date": "2025-09-26",
 "target": {
  "edinet_code": "E01027",
  "sec_code": "4917",
  "name": "株式会社マンダム",
  "name_en": "MANDOM CORPORATION",
  "industry": "化学",
  "industry_en": "Chemicals"
 },
 "acquirer": {
  "edinet_code": "E41034",
  "sec_code": null,
  "name": "カロンホールディングス株式会社",
  "name_en": "Karon Holdings Co., Ltd.",
  "industry": "内国法人・組合（有価証券報告書等の提出義務者以外）",
  "industry_en": null
 },
 "anchor_doc_id": "S100WROH",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 1960,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WROH",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
      "submitted": "2025-09-26",
      "quote": "本公開買付価格である1,960円は、本公開買付けの開始予定の公表日の前営業日である2025年９月９日の東京証券取引所プライム市場における対象者株式の終値1,503円に対して30.41％"
     }
    },
    {
     "value": 2520,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100X7B6",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X7B6.pdf",
      "submitted": "2025-11-27",
      "quote": "本買付価格変更後の本公開買付価格である2,520円は、本公開買付けの開始予定の公表日の前営業日である2025年９月９日の東京証券取引所プライム市場における対象者株式の終値1,503円に対して67.66％"
     }
    },
    {
     "value": 2600,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XHYZ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XHYZ.pdf",
      "submitted": "2026-01-28",
      "quote": "第２回買付価格変更後の本公開買付価格である2,600円"
     }
    },
    {
     "value": 3105,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "て、公開買付者は、2026年２月９日付で、本公開買付価格を3,105円に引き上げること（以下「第３回買付価格変更」といいます。）を決定いたしました。"
     }
    }
   ],
   "latest": {
    "value": 3105,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XK2T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
     "submitted": "2026-02-09",
     "quote": "て、公開買付者は、2026年２月９日付で、本公開買付価格を3,105円に引き上げること（以下「第３回買付価格変更」といいます。）を決定いたしました。"
    }
   }
  },
  "period_start": {
   "history": [
    {
     "value": "2025-09-26",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WROH",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
      "submitted": "2025-09-26",
      "quote": "本公開買付けを2025年９月26日から開始することを決定いたしました"
     }
    }
   ],
   "latest": {
    "value": "2025-09-26",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WROH",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
     "submitted": "2025-09-26",
     "quote": "本公開買付けを2025年９月26日から開始することを決定いたしました"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 25285200,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WROH",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
      "submitted": "2025-09-26",
      "quote": "25,285,200株（所有割合：56.02％）を買付予定数の下限と設定しており"
     }
    }
   ],
   "latest": {
    "value": 25285200,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WROH",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
     "submitted": "2025-09-26",
     "quote": "25,285,200株（所有割合：56.02％）を買付予定数の下限と設定しており"
    }
   }
  },
  "is_mbo": {
   "history": [
    {
     "value": "該当",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WROH",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
      "submitted": "2025-09-26",
      "quote": "いわゆるマネジメント・バイアウト（ＭＢＯ）（注５）に該当いたします"
     }
    }
   ],
   "latest": {
    "value": "該当",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WROH",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf",
     "submitted": "2025-09-26",
     "quote": "いわゆるマネジメント・バイアウト（ＭＢＯ）（注５）に該当いたします"
    }
   }
  },
  "period_end": {
   "history": [
    {
     "value": "2025-11-19",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WYUA",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WYUA.pdf",
      "submitted": "2025-11-05",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2025年11月19日（水曜日）まで（37営業日）"
     }
    },
    {
     "value": "2025-12-04",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100X5KA",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X5KA.pdf",
      "submitted": "2025-11-19",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2025年12月４日（木曜日）まで（47営業日）"
     }
    },
    {
     "value": "2025-12-18",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100X7B6",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X7B6.pdf",
      "submitted": "2025-11-27",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2025年12月18日（木曜日）まで（57営業日）"
     }
    },
    {
     "value": "2026-01-05",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XAIP",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XAIP.pdf",
      "submitted": "2025-12-15",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年１月５日（月曜日）まで（64営業日）"
     }
    },
    {
     "value": "2026-01-20",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XDYL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XDYL.pdf",
      "submitted": "2026-01-05",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年１月20日（火曜日）まで（74営業日）"
     }
    },
    {
     "value": "2026-01-29",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XG55",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XG55.pdf",
      "submitted": "2026-01-15",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年１月29日（木曜日）まで（81営業日）"
     }
    },
    {
     "value": "2026-02-12",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XHYZ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XHYZ.pdf",
      "submitted": "2026-01-28",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年２月12日（木曜日）まで（90営業日）"
     }
    },
    {
     "value": "2026-02-25",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年２月25日（水曜日）まで（98営業日）"
     }
    }
   ],
   "latest": {
    "value": "2026-02-25",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XK2T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
     "submitted": "2026-02-09",
     "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年２月25日（水曜日）まで（98営業日）"
    }
   }
  },
  "period_business_days": {
   "history": [
    {
     "value": 37,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WYUA",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WYUA.pdf",
      "submitted": "2025-11-05",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2025年11月19日（水曜日）まで（37営業日）"
     }
    },
    {
     "value": 47,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100X5KA",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X5KA.pdf",
      "submitted": "2025-11-19",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2025年12月４日（木曜日）まで（47営業日）"
     }
    },
    {
     "value": 57,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100X7B6",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X7B6.pdf",
      "submitted": "2025-11-27",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2025年12月18日（木曜日）まで（57営業日）"
     }
    },
    {
     "value": 64,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XAIP",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XAIP.pdf",
      "submitted": "2025-12-15",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年１月５日（月曜日）まで（64営業日）"
     }
    },
    {
     "value": 74,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XDYL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XDYL.pdf",
      "submitted": "2026-01-05",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年１月20日（火曜日）まで（74営業日）"
     }
    },
    {
     "value": 81,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XG55",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XG55.pdf",
      "submitted": "2026-01-15",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年１月29日（木曜日）まで（81営業日）"
     }
    },
    {
     "value": 90,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XHYZ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XHYZ.pdf",
      "submitted": "2026-01-28",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年２月12日（木曜日）まで（90営業日）"
     }
    },
    {
     "value": 98,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年２月25日（水曜日）まで（98営業日）"
     }
    }
   ],
   "latest": {
    "value": 98,
    "unit": "business_days",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XK2T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
     "submitted": "2026-02-09",
     "quote": "買付け等の期間 2025年９月26日（金曜日）から2026年２月25日（水曜日）まで（98営業日）"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 32359329,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XNMK",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XNMK.pdf",
      "submitted": "2026-02-26",
      "quote": "応募株券等の数の合計（32,359,329株）"
     }
    }
   ],
   "latest": {
    "value": 32359329,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XNMK",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XNMK.pdf",
     "submitted": "2026-02-26",
     "quote": "応募株券等の数の合計（32,359,329株）"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XNMK",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XNMK.pdf",
      "submitted": "2026-02-26",
      "quote": "応募株券等の数の合計（32,359,329株）が買付予定数の下限（25,285,200株）以上となりましたので、公開買付開始公告（その後の公開買付条件等の変更の公告により訂正された事項を含みます。）及び公開買付届出書（その後提出された公開買付届出書の訂正届出書により訂正された事項を含みます。）に記載のとおり、応募株券等の全部の買付け等を行います。"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XNMK",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XNMK.pdf",
     "submitted": "2026-02-26",
     "quote": "応募株券等の数の合計（32,359,329株）が買付予定数の下限（25,285,200株）以上となりましたので、公開買付開始公告（その後の公開買付条件等の変更の公告により訂正された事項を含みます。）及び公開買付届出書（その後提出された公開買付届出書の訂正届出書により訂正された事項を含みます。）に記載のとおり、応募株券等の全部の買付け等を行います。"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 106.59,
   "unit": "percent",
   "as_of_date": "2025-09-09",
   "source": {
    "doc_id": "S100XK2T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
    "submitted": "2026-02-09",
    "quote": "2025年９月９日の東京証券取引所プライム市場における対象者株式の終値1,503円に対して106.59％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 116.23,
   "unit": "percent",
   "as_of_date": "2025-09-09",
   "source": {
    "doc_id": "S100XK2T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
    "submitted": "2026-02-09",
    "quote": "同日までの過去１ヶ月間の終値単純平均値1,436円に対して116.23％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 118.35,
   "unit": "percent",
   "as_of_date": "2025-09-09",
   "source": {
    "doc_id": "S100XK2T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
    "submitted": "2026-02-09",
    "quote": "同過去３ヶ月間の終値単純平均値1,422円に対して118.35％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 125.33,
   "unit": "percent",
   "as_of_date": "2025-09-09",
   "source": {
    "doc_id": "S100XK2T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
    "submitted": "2026-02-09",
    "quote": "同過去６ヶ月間の終値単純平均値1,378円に対して125.33％のプレミアムを付した価格"
   },
   "basis": "過去6ヶ月間の終値単純平均値",
   "basis_en": "6-month simple average closing price"
  }
 ],
 "valuations": [
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1778,
     "high": 2902,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "ＤＣＦ法の算定結果のレンジ（1,778円から2,902円）"
     }
    },
    "discount_rate": {
     "low": 7.85,
     "high": 9.75,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "割引率は加重平均資本コストとし、7.85％～9.75％を採用しております。"
     }
    },
    "perpetual_growth_rate": {
     "low": 0,
     "high": 0,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "永久成長率は０％として"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "dcf",
   "method_label": "ＤＣＦ法（永久成長率法）",
   "method_en": "DCF method",
   "metrics": {
    "perpetual_growth_rate": {
     "low": 0,
     "high": 0,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "永久成長率法では、理論上想定される長期的な経済環境等を踏まえ永久成長率は０％として、継続価値を67,890百万円～84,367百万円としております。"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 1378,
     "high": 1503,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "本株式価値算定書（プルータス・コンサルティング）における市場株価法に基づく算定結果のレンジ（1,378円から1,503円）"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1649,
     "high": 2454,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "ＤＣＦ法の算定結果のレンジ（1,649円から2,454円）"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法（その他事業）",
   "method_en": "DCF method",
   "metrics": {
    "discount_rate": {
     "low": 9.39,
     "high": 12.39,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "その他事業：9.39％～12.39％"
     }
    },
    "perpetual_growth_rate": {
     "low": 0.5,
     "high": 1.5,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "その他事業：0.5％～1.5％として"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法（インドネシア事業）",
   "method_en": "DCF method",
   "metrics": {
    "discount_rate": {
     "low": 14.21,
     "high": 17.21,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "インドネシア事業：14.21％～17.21％"
     }
    },
    "perpetual_growth_rate": {
     "low": 5,
     "high": 6,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "永久成長率を日本事業：0.5％～1.5％、インドネシア事業：5.0％～6.0％、マレーシア事業：2.0％～3.0％、その他事業：0.5％～1.5％として、継続価値を59,833百万円～95,918百万円と算定しております。"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法（マレーシア事業）",
   "method_en": "DCF method",
   "metrics": {
    "discount_rate": {
     "low": 8.89,
     "high": 11.89,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "マレーシア事業：8.89％～11.89％"
     }
    },
    "perpetual_growth_rate": {
     "low": 2,
     "high": 3,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "マレーシア事業：2.0％～3.0％"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法（日本事業）",
   "method_en": "DCF method",
   "metrics": {
    "discount_rate": {
     "low": 7.18,
     "high": 9.18,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "日本事業：7.18％～9.18％"
     }
    },
    "perpetual_growth_rate": {
     "low": 0.5,
     "high": 1.5,
     "unit": "percent",
     "source": {
      "doc_id": "S100WRQB",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf",
      "submitted": "2025-09-26",
      "quote": "永久成長率を日本事業：0.5％～1.5％"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 1378,
     "high": 1503,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XK2T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf",
      "submitted": "2026-02-09",
      "quote": "本株式価値算定書（大和証券）における市場株価法に基づく算定結果のレンジ（1,378円から1,503円）"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2025-09-26",
   "doc_id": "S100WROH",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WROH.pdf"
  },
  {
   "date": "2025-09-26",
   "doc_id": "S100WRQB",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WRQB.pdf"
  },
  {
   "date": "2025-10-06",
   "doc_id": "S100WTLC",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WTLC.pdf"
  },
  {
   "date": "2025-10-10",
   "doc_id": "S100WUMB",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WUMB.pdf"
  },
  {
   "date": "2025-11-04",
   "doc_id": "S100WYH6",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WYH6.pdf"
  },
  {
   "date": "2025-11-05",
   "doc_id": "S100WYUA",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WYUA.pdf"
  },
  {
   "date": "2025-11-07",
   "doc_id": "S100WZN4",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WZN4.pdf"
  },
  {
   "date": "2025-11-19",
   "doc_id": "S100X5KA",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X5KA.pdf"
  },
  {
   "date": "2025-11-19",
   "doc_id": "S100X5P2",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X5P2.pdf"
  },
  {
   "date": "2025-11-27",
   "doc_id": "S100X7B6",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X7B6.pdf"
  },
  {
   "date": "2025-12-04",
   "doc_id": "S100X8JI",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X8JI.pdf"
  },
  {
   "date": "2025-12-04",
   "doc_id": "S100X8MK",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X8MK.pdf"
  },
  {
   "date": "2025-12-15",
   "doc_id": "S100XAI8",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XAI8.pdf"
  },
  {
   "date": "2025-12-15",
   "doc_id": "S100XAIP",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XAIP.pdf"
  },
  {
   "date": "2025-12-16",
   "doc_id": "S100XAWJ",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XAWJ.pdf"
  },
  {
   "date": "2026-01-05",
   "doc_id": "S100XDYL",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XDYL.pdf"
  },
  {
   "date": "2026-01-06",
   "doc_id": "S100XE85",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XE85.pdf"
  },
  {
   "date": "2026-01-14",
   "doc_id": "S100XFSB",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XFSB.pdf"
  },
  {
   "date": "2026-01-15",
   "doc_id": "S100XG55",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XG55.pdf"
  },
  {
   "date": "2026-01-16",
   "doc_id": "S100XGAD",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XGAD.pdf"
  },
  {
   "date": "2026-01-28",
   "doc_id": "S100XHYZ",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XHYZ.pdf"
  },
  {
   "date": "2026-01-29",
   "doc_id": "S100XI9E",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XI9E.pdf"
  },
  {
   "date": "2026-02-09",
   "doc_id": "S100XK1L",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK1L.pdf"
  },
  {
   "date": "2026-02-09",
   "doc_id": "S100XK2T",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XK2T.pdf"
  },
  {
   "date": "2026-02-10",
   "doc_id": "S100XKE9",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社マンダム",
   "filer_en": "MANDOM CORPORATION",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XKE9.pdf"
  },
  {
   "date": "2026-02-26",
   "doc_id": "S100XNMK",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "カロンホールディングス株式会社",
   "filer_en": "Karon Holdings Co., Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XNMK.pdf"
  }
 ],
 "flags": [
  {
   "kind": "revised",
   "subject": "tob_terms:tender_price",
   "detail": "S100WYUA: 1960.0 → S100X7B6: 2520.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:tender_price",
   "detail": "S100XAIP: 2520.0 → S100XHYZ: 2600.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:tender_price",
   "detail": "S100XHYZ: 2600.0 → S100XK2T: 3105.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100WYUA: 2025-11-19 → S100X5KA: 2025-12-04"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100X5KA: 2025-12-04 → S100X7B6: 2025-12-18"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100X8MK: 2025-12-18 → S100XAIP: 2026-01-05"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100XAIP: 2026-01-05 → S100XDYL: 2026-01-20"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100XDYL: 2026-01-20 → S100XG55: 2026-01-29"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100XG55: 2026-01-29 → S100XHYZ: 2026-02-12"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100XHYZ: 2026-02-12 → S100XK2T: 2026-02-25"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100WYUA: 37.0 → S100X5KA: 47.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100X5KA: 47.0 → S100X7B6: 57.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100X7B6: 57.0 → S100XAIP: 64.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100XAIP: 64.0 → S100XDYL: 74.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100XDYL: 74.0 → S100XG55: 81.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100XG55: 81.0 → S100XHYZ: 90.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100XHYZ: 90.0 → S100XK2T: 98.0"
  }
 ],
 "unverified_count": 0
}